Guocoland to get RM116mil from land sale


PETALING JAYA: Guocoland (M) Bhd said its associate company Vintage Heights Sdn Bhd (VHSB) is disposing of a parcel of land in Sepang for RM474.99mil.

Upon completion of the disposal, VHSB is expected to realise a net gain on disposal of approximately RM290mil, said Guocoland, adding that approximately RM116mil is expected to be attributable to Guocoland.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , Guocoland , disposal , Sepang

Next In Business News

PNB, GLICs to develop 10 bumiputera champion firms by 2030
World Bank: Malaysia shows strong progress in reducing poverty, must now focus on inclusive growth
Nestl� for Healthier Kids marks 15th anniversary, aims for 500,000 students by 2030
Johor a top regional hotspot
Flooring to beat Malaysia’s heat
URA: Why it deserves support
E-invoice exemption threshold up to RM1mil starting 2026, says PM
Ringgit to remain steady, trade within 4.10-4.12 versus greenback next week
Majuhome� built to last
Genting’s high-stakes double-edged win

Others Also Read